Bleakley Financial Group LLC Purchases 783 Shares of Costco Wholesale Co. (NASDAQ:COST)

Bleakley Financial Group LLC raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 7.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,941 shares of the retailer’s stock after purchasing an additional 783 shares during the period. Bleakley Financial Group LLC’s holdings in Costco Wholesale were worth $10,025,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of COST. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale in the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $33,000. FSC Wealth Advisors LLC bought a new position in shares of Costco Wholesale in the 4th quarter worth $41,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Costco Wholesale during the fourth quarter worth $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in Costco Wholesale in the third quarter valued at about $58,000. Institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on COST shares. UBS Group raised their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Morgan Stanley lifted their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Oppenheimer reaffirmed an “outperform” rating and issued a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. TD Cowen lifted their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, BMO Capital Markets boosted their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Up 0.8 %

NASDAQ:COST opened at $1,050.99 on Friday. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,063.00. The firm has a market capitalization of $466.53 billion, a price-to-earnings ratio of 61.71, a price-to-earnings-growth ratio of 5.84 and a beta of 0.84. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average price is $958.04 and its two-hundred day moving average price is $911.67.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.